Activate Your Client’s Income
How to Activate Income Online
A step‑by‑step guide to helping your client exercise their income rider quickly and securely. Designed for efficiency and ease, our online income activation form allows you to initiate the e-signature process so your clients can activate income riders digitally, reducing paperwork, speeding up processing, and creating a smoother experience for you and your client.
What’s inside:
- Navigate where and when income can be activated online for eligible contracts
- Understand what information and documents are needed before you begin
- Walk through the digital income activation experience from start to finish
How to Video
This video will walk you through each step required to help you activate your client’s income rider online through SalesNet.
Need Support?
Hours
Most lines available Monday - Friday
8:00 a.m. to 6:00 p.m. ET
What's New
Important Disclosures
For producer use only. Not for use as sales material with the general public.
Income rider payments are considered withdrawals from the annuity contract and will reduce the contract value, cash surrender value and death benefit. Exercising a guaranteed lifetime withdrawal ("income") benefit rider may impact other annuity contract and/or rider features. Please see the annuity contract, rider disclosure and Request to Exercise Income Benefit form for additional details.
Income payments will be subject to income tax as contract distributions. If distributions are received prior to age 59 1/2, a 10% penalty may be assessed by the IRS. The contract owner should be encouraged to discuss their situation with a tax advisor prior to exercising their rider.
Nassau, its affiliated companies, and employees do not give fiduciary, legal or tax advice.
Insurance Products: NOT FDIC or NCUAA Insured | NO Bank or Credit Union Guarantee
BPD 42563
5-26
